Corporate lobbying helps derail border tax, key lawmaker says

An aggressive corporate lobbying effort to derail a Republican-backed border tax has forced lawmakers working on tax reform to seek alternatives, said Kevin Brady, chairman of the tax-writing U.S. House Ways and Means Committee.

Suppliers still wary of border tax

Many Republicans have expressed skepticism or opposition toward the border adjustment tax, but House leaders still are expected to pursue the tax.


BMW moves deeper into Silicon Valley with Shift investment

BMW's venture capital fund poured $38 million in a Silicon Valley online used-car startup focused on younger buyers, the company said Wednesday.

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Faraday Future halts work on Nevada car plant

Faraday Future, the electric-vehicle startup backed by LeEco founder Jia Yueting, halted plans to build a $1 billion factory in Nevada as the troubled tycoon fights for the survival of his Chinese car business.

Who's killing the gasoline car?

Volvo's decision to focus on electrified models represents an about-face for the Chinese-owned brand. It had previously said pure electric cars didn't make a great business case.

UPDATED: 6/9/17 4:15 pm ET - adds stock close
Tesla briefly tops BMW in market capitalization

A week-long rally in Tesla shares briefly vaulted the company's market capitalization past BMW in early Friday trading, but BMW finished the day still ahead.

UPDATED: 6/7/17 2:38 pm ET - adds Tesla statement
Tesla plans new plant for Model Y crossover, Musk says

Tesla, which operates its only plant in Fremont, Calif., has another one coming. The existing plant is "bursting at the seams," CEO Elon Musk said, and the search is under way for another plant site.

LETTER TO THE EDITOR
EV column not based in reality

The reality is that last year, of the over 17 million new vehicles sold in the United States, 99.5% were not electric, a reader writes.

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